MUFG expands restaurant finance group with 9 new hires

All nine hires are joining Wells Fargo’s MUFG, and their start date is June 1. The combined group will operate from San Diego, Atlanta, Chicago and Boston.

General manager Brian Geraghty, an eight-year veteran of MUFG’s Restaurant Finance group, will be responsible for loan initiations and will also report to Cole.

“The expansion of MUFG’s Restaurant Finance group demonstrates our confidence in the business prospects of this industry, which has grown closer $ 660 billion in the United States in 2020 and is expected to grow, “says Hagel.” This group now has a large bank of experienced bankers in this segment which builds on the significant market penetration we have gained over the past two years. years – and positions MUFG as a leading provider of financing solutions across the value chain for franchisors, franchisees and restaurant businesses. ”

Cole and Hall each have over 25 years of foodservice investment banking experience.

Cole will be based at San Diego. Previously, he was Executive Vice President at Wells Fargo and responsible for specialty finance spanning multiple industries including restaurant chains, gas stations and convenience stores, limited service hotel chains, and specialty real estate. Previously, he was Managing Director of Corporate and Investment Banking at Bank of America, managing client relationships with restaurant businesses. Cole earned a master’s degree in international and public affairs at Columbia university and a BA in history at Haverford College.

Hall will be based at Atlanta. He was previously Managing Director of Middle Market Banking at Wells Fargo and responsible for underwriting, strategy and analysis for the bank’s Restaurant Finance group. Previously, he was responsible for the group’s business development and then responsible for portfolio management. Prior to joining Wells Fargo, Hall headed Bank of America’s Restaurants and Beverages group within Corporate and Investment Banking. He holds an MBA from Georgia State University and a BS in Business Administration from Auburn University.

Other new additions to MUFG’s Restaurant Finance group include Managing Director Joe rinaldi, General manager Eric Schnyder, Director Emily sutton, Director Matt Kochan, Director Zac Kalemba, Vice president Luis Victorio and partner Mike Le.

Throughout the COVID-19 pandemic, MUFG’s Restaurant Finance group has focused on well-known brands in the “quick service” and “quick-occasional” segments of the industry. “We expect the growth of these segments, which have performed well during the COVID-19 pandemic, to accelerate as the pandemic abates and provides us with opportunities,” Hagel says. “In addition, we will leverage the experience of our newly hired talents to expand our platform to other franchise concepts beyond restaurants.”

MUFG is one of the largest financial institutions in the world in terms of assets, with approximately $ 3.4 trillion.1

About the U.S. operations of Mitsubishi UFJ Financial Group, Inc., including MUFG Americas Holdings Corporation

The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, have total assets of $ 344 billion at December 31, 2020. As part of this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, a banking holding company and an intermediate holding company, has total assets of 168 billion dollars at December 31, 2020. The main subsidiaries of MUAH are MUFG Union Bank, NA and MUFG Securities Americas Inc. MUFG Union Bank, NA provides a wide range of financial services to consumers, small businesses, mid-market businesses and large corporations. From December 31, 2020, MUFG Union Bank, NA operated 348 branches, primarily retail banking branches in the West Coast states, as well as commercial branches Texas, Illinois, new York, and Georgia. MUFG Securities Americas Inc. is a registered securities dealer engaged in origination transactions in the capital markets, domestic and foreign debt and equity transactions, private placements, guaranteed financings, and transactions in capital markets. borrowing and lending of securities. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.

About MUFG

About MUFG Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Based at Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,600 locations in over 50 countries. The Group has more than 180,000 employees and offers services such as commercial banking, fiduciary banking, securities, credit cards, consumer credit, asset management and leasing. The Group aims to “be the most reliable financial group in the world” through close collaboration between our operating companies and to respond flexibly to all the financial needs of our clients, serving society and promoting shared growth. and sustainable for a better world. MUFG shares trade on the Tokyo, Nagoya, and new York stock exchanges. For more information visit https://www.mufg.jp/english

1 ¥ 351.7 trillion from December 31, 2020, and according to today’s USD / ¥ exchange rate

Press contact:
Assaf Kedem
T: 212-782-4926
E: [email protected]

SOURCE MUFG


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